Sales growth helps Mothercare to cut losses

Baby products retailer Mothercare said it trimmed half-year losses today after its new “value” range proved a hit with customers.

The group, which has 280 shops in the UK, saw underlying pre-tax losses fall to £600,000 (€746,000) from £4.4m (€5.4m) a year earlier as it returned to sales growth in the second quarter for the first time in two and a half years.